Saturday, October 5, 2019
Design project management Assignment Example | Topics and Well Written Essays - 4500 words
Design project management - Assignment Example CONCLUSION 16. REFERENCES 1.0 INTRODUCTION Company Introduction and Operations Dar Alarkan is a prominent Riyadh based Company of Saudi Arabia, engaged in the business of design and construction of Real Estate development. It is focused on design, planning and construction of Residential Housing in accordance with Master Plans and catering to Life-style Housing Clients. The choices include developed plots of land, Apartments, and Villas.The Company was set up in 1994 in response to the growing demand for good quality housing from the burgeoning population of Saudi Arabia. The Promoters are six leading business families of the Country with noteworthy experience in the field. During the initial19 months from June 2002, the Corporate status of Dar Alarkan was of a Limited Liability Company , with a capital of US Dollars 37 Million ( SAR140Million), which ws subsequently enhanced to USD 1.44 Billion( SAR5.40 Billion), via Private Placement and it was converted into a Private Limited Partnership. It became a Joint Stock Company in 2005 .It was enlisted at the Saudi Bourse in 2007. As of 31st Decenmber 2008, the issued Capital of Dar Al Arkan stood at USD 1.92 Billion (SAR7.2 Billion) consisting of shares of the denominationSAR10 each (USD 2.67). A year later 180 Million bonus shares with par Value of SR10 each were issued to existing share Holders. Retained earnings of past years had funded the above said bonus issue. The spectacular growth of the Company from a Small Scale Real Estate developer to one among the biggest in the Saudi Kingdom was possible only because of the consistent high profitability of operations in the past five years. Benefiting from the  country’s economic growth, the company has up-scaled its activities. Dar Alarkran is in the vanguard of those providing Master-Plan based development of Life Style accommodation in the private sector, in the KSA. The rapidly growing demand from the Middle Class accounts for the C ompany’s Growth tempo The Demographic profile of KSA in 2005 had shown a trend of growth in the youth segment prompting the company to be confident of future growth I demand for its products from a steadily expanding number of new Households in the foreseeable future. At the end of December 2008, the financial position of the company was as below:          Figures in SAR USD EQUIVALENT Total assets                               20.16 Billion                             5.38 Billion Share holders’ Equity                11.74 Billion                            3.13 Billion Total Revenues                          5.61 Billion                               1.50 Billion Net Income                                2.35 Billion                               627 Million Currently Capital Intelligence Ltd has given the Company Credit Rating,
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